Welcome to our dedicated page for Amarc Res news (Ticker: AXREF), a resource for investors and traders seeking the latest updates and insights on Amarc Res stock.
Amarc Resources Ltd (AXREF) specializes in exploring high-potential porphyry copper-gold deposits across British Columbia's mineral-rich districts. This dedicated news hub provides investors with verified updates on exploration progress, corporate developments, and strategic initiatives.
Access timely press releases detailing drilling results, geophysical survey findings, and partnership announcements. Our curated collection ensures transparent tracking of operational milestones from the JOY, DUKE, and IKE projects, supported by non-speculative factual reporting.
Key updates include earnings announcements, technical report publications, and joint venture developments. Each entry is formatted for clarity across devices, maintaining focus on material business developments relevant to long-term value creation in mineral exploration.
Bookmark this page for streamlined access to Amarc's official communications, or check regularly for updates on British Columbia's evolving copper-gold exploration landscape.
Amarc Resources (OTCQB:AXREF) has announced significant drill results from hole JP25098 at its JOY Cu-Au District project. The hole, located 260m southeast of previous drilling, intersected 159m of 0.33% Cu, 0.43 g/t Au and 5.2 g/t Ag.
The discovery is particularly significant as it occurs outside the strong magnetic high that hosts the 2024 AuRORA mineralization, suggesting broader exploration potential across the JOY District. The company has completed 19 deposit step-out holes totaling over 7,000m in 2025, with a fourth drill rig recently added to evaluate other district targets.
The 2025 JOY exploration program, budgeted at CAD +$15M, is being fully funded by Freeport-McMoRan, which owns 60% of the joint venture, while Amarc retains 40% and manages exploration operations.
Amarc Resources (OTCQB:AXREF) announced that Freeport-McMoRan's subsidiary has elected to proceed to Stage 2 of the JOY Mineral Property Earn-in Agreement. Having completed Stage 1's CAD $35 million expenditure requirement, Freeport now holds a 60% stake in Aurora Minerals, with Amarc retaining 40%.
Under Stage 2, Freeport will invest an additional CAD $75 million over 5 years to earn a further 10% interest, with a minimum annual spend of CAD $10 million. The 2025 JOY exploration program, budgeted at CAD +$12 million, is being fully funded by Freeport. While Freeport becomes the Operator, Amarc will manage exploration programs as the primary contractor.
The project's highlight is the AuRORA Deposit discovery, featuring high-grade gold-rich porphyry copper-gold-silver mineralization, with initial drilling yielding 82m at 1.08% CuEQ, including 42m at 1.61% CuEQ from near surface.
Amarc Resources (OTCQB:AXREF) and Freeport-McMoRan have launched a $10 million exploration program for 2025 at the JOY District in British Columbia. The program focuses on drilling at the newly discovered high-grade AuRORA copper-gold-silver deposit, PINE Deposit, and other promising locations.
The company has expanded its JOY District strategic land package through multiple acquisitions: the 44.5 km² Brenda Property option agreement with Canasil Resources, approximately 32% (42.34 km²) of Freeport's PIL Property option, and three additional mineral claims. Historical exploration at Brenda revealed significant mineralization, including an intersection of 78m grading 0.61 g/t Au and 0.10% Cu.
Amarc Resources (OTCQB:AXREF) has appointed Carol Li as its new Chief Financial Officer, effective July 19, 2025. Li, a Chartered Professional Accountant with over 30 years of experience in the resources industry, brings extensive expertise in financial reporting, project financing, and capital markets.
Li succeeds Tom Wilson, who is retiring from his position. Her appointment strengthens Amarc's executive team as the company continues to advance three copper-gold districts in British Columbia.
Amarc Resources (OTCQB:AXREF) has launched a significant $10 million drill program at its 100% owned DUKE Copper-Gold district in central British Columbia. The program, funded by Boliden, will explore multiple copper-gold deposit targets across the 732 km² District.
The company's 2024 exploration program completed 19 scout core holes (5,815 m) at three porphyry Cu-Au deposit targets - JO, C4, and Svea. Notable discoveries include new copper-gold mineralization at the JO Target, with drill hole DKJ24043 returning 71m of 0.13% CuEQ, and at C4 Target, where hole DKC24058 cored 48m of 0.11 g/t Au. At Svea, drilling intercepted 96m of 0.23% CuEQ including a higher-grade interval.
The DUKE District, located 80 km northeast of Smithers, is situated in one of BC's most mineralized porphyry belts and benefits from extensive infrastructure.
Amarc Resources (AXREF) has announced significant drill results from its JOY Cu-Au District in British Columbia, highlighting multiple copper-gold discoveries. The AuRORA Deposit showed impressive results including 132.00m of 1.71% CuEQ with 1.87 g/t Au, 0.63% Cu and 5.2 g/t Ag, and 204.00m of 0.72% CuEQ with 0.74 g/t Au.
The company completed 20 initial drill holes at AuRORA, with all holes now reported. The grade range encountered exceeds that of the historical Kemess South deposit. Additionally, Amarc made a new discovery at the Twins Target, marking their third porphyry Cu-Au discovery in four years at JOY.
The drilling program, fully funded by Freeport-McMoRan, also expanded the PINE Deposit and Canyon Discovery, demonstrating the district's significant exploration potential. The AuRORA deposit remains open for expansion, with mineralization showing substantial vertical and lateral continuity.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) announces its participation at the 2025 PDAC Conference from March 2-5 in Toronto, where it will showcase its AuRORA high-grade Cu-Au-Ag discovery made in collaboration with Freeport-McMoran. The discovery, located within the company's 100% owned 495 km² JOY District, was initially announced in January 2025.
The company will be present at Booth #2850 in the Investors Exchange. Dr. Jim Lang will deliver a technical presentation about geological considerations for porphyry Cu-Au exploration in the JOY District on March 2. Visitors can meet with CEO Dr. Diane Nicolson, Hall of Fame Inductee Mark Rebagliati, and Dr. Jim Lang to discuss Amarc's JOY, DUKE, and IKE Districts and examine drill core from the AuRORA discovery.
The company plans to conduct 29,000 meters of drilling in 2024 across its three districts in British Columbia.
Amarc Resources (AXREF) has signed a mineral property option agreement with Canasil Resources to acquire 100% interest in 22 mineral claims adjacent to its JOY tenure and east of its AuRORA copper-gold-silver discovery. The 5-year option requires annual payments of $400,000, with purchase prices ranging from $8 million in year one to $12 million in year five.
The claims are subject to a 2% net smelter returns royalty, with an option to acquire half for $5 million before commercial mining operations or $10 million after. The property falls within the Amarc-Freeport-McMoran agreement area and will be offered as part of the JOY District.
The 44.5 km² Brenda Property is surrounded by Amarc's JOY mineral tenures and shares the same geological setting as AuRORA. Historical exploration revealed promising results, including an intersection of 78m grading 0.61 g/t Au and 0.10% Cu from 110m in hole BR-07-05.
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